MULLEN GROUP LTD (MTL.CA) Technical Analysis
TSX:MTL • CA6252841045
Taking everything into account, MTL scores 6 out of 10 in our technical rating. In the last year, MTL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- MTL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MTL is lagging the market slightly.
- In the last month MTL has a been trading in the 15.91 - 17.74 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, MTL turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
- MTL is an average performer in the Ground Transportation industry, it outperforms 60% of 6 stocks in the same industry.
Although the technical rating is only medium, MTL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.75, a Stop Loss order could be placed below this zone.
More info and screens
13.51
6 important support areas can be observed.
- A support zone ranging from 16.52 to 16.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.08 from a horizontal line in the daily time frame.
- Support @15.74 from a horizontal line in the daily time frame.
- Support @15.23 from a trend line in the daily time frame.
- Support @13.93 from a horizontal line in the daily time frame.
- Support @13.65 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.44 to 17.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MTL.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTL.CA is neutral. |
| ChartMill Relative Strength | 63.22 | NEUTRAL | MTL.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.56 | NEUTRAL | The RSI value for MTL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MTL.CA has a negative trend. |
| Stochastics (14,3) | 43.58 | NEUTRAL | The Stochastics value for MTL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for MTL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for MTL.CA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.13 | 16.51 | 0.62 (3.64%) | 25.00% |
| An entry @17.13. This is a Buy Stop order right above the 10 day moving average. | An exit @16.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.62 points, which is 3.64%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MTL.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:MTL (3/10/2026, 7:00:00 PM)
16.95
-0.14 (-0.82%)
MULLEN GROUP LTD / MTL.CA FAQ
What is the technical rating for MTL stock?
ChartMill assigns a technical rating of 6 / 10 to MTL.CA.
What is the trend direction for MTL stock?
The current trend direction for MULLEN GROUP LTD (MTL.CA) is Bullish.
Can you provide the RSI signal for MULLEN GROUP LTD?
MULLEN GROUP LTD (MTL.CA) has an RSI value of 49.5615. This indicates that the stock is currently neutral.
What are the support and resistance levels for MULLEN GROUP LTD (MTL.CA) stock?
MULLEN GROUP LTD (MTL.CA) has a support level at 16.75 and a resistance level at 17.44. Check the full technical report for our detailed analysis of MTL.CA support and resistance levels.